EIN: 204735659
UEI: YNXET81UCZT6
Data as of August 23, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on September 26, 2023. Under 2 CFR 200.521(d), a pass-through entity that provided federal funds to this organization for this audit period must issue a management decision on these findings by March 26, 2024 (881 days ago).
What is a management decision? →Waterbrook violated the U.S. Department of Housing and Urban Development (HUD) Regulatory agreement by not filing 2022 audited financial statements on time. Criteria: HUD regulatory agreement requires annual audited financial statements be submitted to Real Estate Assessment Center (REAC) using the Financial Assessment Subsystem (FASSUB) 90 days after year end. Effect or Potential Effect: Waterbrook is in violation of the HUD regulatory agreement and capital advance documents. Cause: Unaware of HUD Regulatory Agreement. Recommendation: Waterbrook should immediately file the annual audited financial statements with HUD and REAC using the FASSUB system. Auditor Noncompliance Information: Z ? Other. Questioned Costs: $0 Reporting Views of Responsible Officials: Waterbrook will file the 2022 audited financial statements with HUD and REAC using the FASSUB system. Concur or Do Not Concur with This Finding: Concur. Agree or Disagree with Auditor Recommendations: Agree. Completion Date: August 31, 2023 Actions Taken or Plan on the Finding: Waterbrook will file the 2022 audited financial statements with HUD and REAC using the FASSUB system. Waterbrook hired a new auditing firm to file the 2022 audited financial statements with HUD and REAC.
Show full finding ▾Hide full finding ▴Finding 2022-001 ? Filing Annual Reports Timely Finding Resolution Status: In process. Information on Universe and Population Size: This is not applicable. Sample Size Information: This is not applicable. Noncompliance Information: This is not applicable. Statement of Condition: Waterbrook violated the U.S. Department of Housing and Urban Development (HUD) Regulatory agreement by not filing 2022 audited financial statements on time. Criteria: HUD regulatory agreement requires annual audited financial statements be submitted to Real Estate Assessment Center (REAC) using the Financial Assessment Subsystem (FASSUB) 90 days after year end. Effect or Potential Effect: Waterbrook is in violation of the HUD regulatory agreement and capital advance documents. Cause: Unaware of HUD Regulatory Agreement. Recommendation: Waterbrook should immediately file the annual audited financial statements with HUD and REAC using the FASSUB system. Auditor Noncompliance Information: Z ? Other. Questioned Costs: $0 Reporting Views of Responsible Officials: Waterbrook will file the 2022 audited financial statements with HUD and REAC using the FASSUB system. Concur or Do Not Concur with This Finding: Concur. Agree or Disagree with Auditor Recommendations: Agree. Completion Date: August 31, 2023 Actions Taken or Plan on the Finding: Waterbrook will file the 2022 audited financial statements with HUD and REAC using the FASSUB system. Waterbrook hired a new auditing firm to file the 2022 audited financial statements with HUD and REAC.
Name of Auditee: Waterbrook Place, Inc. HUD auditee identification Number: 085-HD044 Name of audit firm: Donovan CPAs Period covered by the audit: For the year ended December 31, 2022 Corrective action prepared by: Name: Cale Mitchell, Spectrum Health Care Position: Management Agent Telephone number: (573) 514-7312 Email address: bacton@spectrumhealthcare.org 1) Current Findings on the Schedule of Findings, Questioned Costs, and Recommendations Corrective Action Not Started or in Process Finding 2022-001 ? Filing Annual Reports Timely Statement of Condition: Waterbrook violated the U.S. Department of Housing and Urban Development (HUD) Regulatory agreement by not filing 2022 audited financial statements on time. HUD regulatory agreement requires annual audited financial statements be submitted to Real Estate Assessment Center (REAC) using the Financial Assessment Subsystem (FASSUB) 90 days after year end. Corrective Action Plan: Waterbrook will file the 2022 audited financial statements with HUD and REAC using the FASSUB system. Status: In Process.
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